Sprott Lithium Miners ETF (NASDAQ:LITP) Trading 5.7% Higher – What’s Next?

Shares of Sprott Lithium Miners ETF (NASDAQ:LITP) rose 5.7% during trading on Monday . The stock traded as high as $16.75 and last traded at $16.74. Approximately 145,040 shares were traded during trading, a decline of 13% from the average daily volume of 166,069 shares. The stock had previously closed at $15.83.

Sprott Lithium Miners ETF Stock Performance

The firm’s 50 day moving average price is $13.67 and its two-hundred day moving average price is $12.69. The company has a market cap of $64.28 million, a P/E ratio of 16.45 and a beta of 0.89.

Institutional Investors Weigh In On Sprott Lithium Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sankala Group LLC acquired a new position in shares of Sprott Lithium Miners ETF during the fourth quarter valued at about $56,000. Jane Street Group LLC acquired a new stake in shares of Sprott Lithium Miners ETF in the 4th quarter valued at about $138,000. Susquehanna International Group LLP bought a new stake in Sprott Lithium Miners ETF in the 3rd quarter valued at about $160,000. Finally, Sprott Inc. increased its position in Sprott Lithium Miners ETF by 189.8% in the 3rd quarter. Sprott Inc. now owns 38,465 shares of the company’s stock valued at $347,000 after buying an additional 25,190 shares in the last quarter.

About Sprott Lithium Miners ETF

The Sprott Lithium Miners ETF (LITP) is an exchange-traded fund that is based on the Nasdaq Sprott Lithium Miners index. The fund aims to support the worldwide clean energy transition by tracking an index of global companies in the lithium industry. Securities are selected based on revenue and weighted by market-cap. LITP was launched on Feb 1, 2023 and is managed by Sprott.